Collegium Pharmaceutical (COLL) Received its Third Buy in a Row

After H.C. Wainwright and Truist Financial gave Collegium Pharmaceutical (NASDAQ: COLL) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Serge Belanger assigned a Buy rating to Collegium Pharmaceutical today and set a price target of $34.00. The company’s shares closed last Friday at $24.05.

According to TipRanks.com, Belanger is a 4-star analyst with an average return of 9.5% and a 48.9% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Verrica Pharmaceuticals.

Currently, the analyst consensus on Collegium Pharmaceutical is a Strong Buy with an average price target of $33.80.

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The company has a one-year high of $26.91 and a one-year low of $15.23. Currently, Collegium Pharmaceutical has an average volume of 625.2K.

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Collegium Pharmaceutical, Inc. operates as a pharmaceutical company, which engages in the developing and planning to commercialize next generation, abuse-deterrent products for the treatment of patients suffering from chronic pain and other diseases. Its products include Xtampza ER, Nucynta ER and Nucynta IR. The Xtampza ER provides pain control while maintaining its extended-release drug release profile after being subjected to common methods of abuse and accidental misuse. The Nucynta ER for the treatment of chronic pain and neuropathic pain associated with diabetic peripheral neuropathy. The Nucynta IR is a release formulation of tapentadol indicated for the management of acute pain severe enough to require an opioid analgesic. The company was founded by Michael Thomas Heffernan in October 2003 and is headquartered in Stoughton, MA.